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ME Home loan reviews

Overall rating
8.5/10
Price
8.4/10
Features
7.7/10
Customer service
8.5/10
Convenience
7.4/10
Trust
8.5/10
Based on 946 reviews as rated by the Mozo community.

Recent ME home loan reviews

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  • ME Flexible Home Loan (Owner Occupier, LVR<80%, Principal & Interest) review

    Overall rating   1 / 10
    Dealing with this bank can be very frustrating.

    I had three loans with ME bank. Each time I wanted to discharge them they delayed the the settlement date even being given six weeks notice. Each time blaming someone else. Each time taking the opportunity to charge extra interest even when the delay was their doing. Based on my experience I would stay clear of this bank.

    Price
    4 / 10
    Features
    3 / 10
    Customer service
    1 / 10
    Convenience
    1 / 10
    Less
    Garry, Queensland, reviewed 1 day ago
  • ME Home Loan review

    Overall rating   1 / 10
    Worst bank ever - run!

    The pros are that fees and charges are lower than the big banks. But with this you have to put up with incompetent, often sexist, staff, amateur processes that are designed to drive customers insane, and absolutely nothing that is helpful or easy to use. This bank has the attitude that if you are with them, then you should put up with it. If you want the loan, then jump through the 5 million hoops. And we'll get back to you when we feel like it, a week, 2 weeks, a month later. Oh, and we can't do anything now, it's Christmas, oops, we're busy now - its Easter. They have the attitude that the staff are more important than the customers. There is also no way to complain - afterall who wants to hear the opinion of customers.

    Price
    1 / 10
    Features
    1 / 10
    Customer service
    1 / 10
    Convenience
    1 / 10
    Trust
    1 / 10
    Less
    Jayne, Victoria, reviewed 1 day ago
  • ME Home Loan review

    Overall rating   1 / 10
    Breathtakingly Incompetent

    ME is for you if you want a breathtakingly incompetent, totally disorganised banker, loose with the truth and has many hands...none of which know what any of the others are doing. We changed banks based on word of mouth, we should have read the reviews and stayed put. We applied to move loans to ME in early October, 2020. After an incredible amount of misdirection and false starts one loan was completed after 2 months of daily interventions and much anxiety for us. The other was settled after lies, numerous broken settlement dates in mid- January 2021, over 3 months after the application. So what? The loan repayment date began a week ago but the money has still not appeared in my account even after written promises! I am clearly expected to pay for money not received. I should have bought shares in ME instead, great investment when a bank only takes repayments without lending. Maybe this is ME's version of a reverse mortgage. A Mr Adam Crane was appointed as CFO of ME Bank December 2020 to "lead ME's business strategy" (ME website) as he has, in the past, driven "change, improvement and innovation". Well, no-one is running this shop. I'm off to AFCA and the Ombudsman with a formal complaint. Caveat emptor! Want a loan? Go elsewhere.

    Customer service
    1 / 10
    Convenience
    1 / 10
    Trust
    1 / 10
    Less
    Stephen, New South Wales, reviewed 2 months ago
  • ME Flexible Home Loan (Owner Occupier, LVR<80%, Principal & Interest) review

    Overall rating   10 / 10
    Easy on line banking. Great products.

    Easy on line banking. Great products.

    Price
    6 / 10
    Features
    7 / 10
    Customer service
    8 / 10
    Convenience
    8 / 10
    Trust
    8 / 10
    Less
    Bernie, Queensland, reviewed 3 months ago
  • ME Flexible Home Loan (Fixed, Owner Occupier, LVR less than 80%, Principal & Interest) (Member Package) review

    Overall rating   1 / 10
    Do not go with this bank

    I cannot stress to you enough, do not go with this bank. The process was an absolute nightmare from start to finish. To begin, our lender stuffed up basically all of our paperwork after we signed the contract which delayed our settlement. Trying to contact the bank for indiscretions with our payments was a nightmare. We had a fixed rate only to then be told there was a system error and our payments had reverted to variable. This took weeks to rectify and the surplus funds were not credited to our account as they were of the belief the system error was “out of their control”. We had issue after issue and decided to refinance with a better bank with a much better rate. Well, this was absolute chaos. As described in the PDS there were several fees associated with breaking a fixed rate. This was not an issue as we understood our terms and conditions and we set the money aside waiting for settlement. They delayed settlement three times and when settlement was finally due to occur, they attempted to charge us nearly $4000 extra and were charging us three solicitor fees when it took the work of one. When I called to discuss this, the operator was abrupt, rude and condescending. The operator was insisting it was my mistake even though I had the previous break cost paperwork which clearly proved that this was a mistake on their end. After speaking to eight different people (as this is what you have to do to get a correct answer as they all believe they are right and have no idea what is going on), they came to the conclusion that this was another system error and the right fees were adjusted. That is only the half of it. I lodged several complaints and I am yet to receive any form of correspondence from an employee of ME Bank. Unless you want to experience an absolute nightmare, extremely poor attitudes, 50 different stories every time you make contact and be consistently shown that employees are competently incompetent and lack the knowledge, training and skills to be able to provide factual information, DO NOT choose ME Bank.

    Price
    1 / 10
    Features
    1 / 10
    Customer service
    1 / 10
    Convenience
    1 / 10
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    Britt, New South Wales, reviewed 3 months ago
  • ME Flexible Home Loan (Owner Occupier, LVR<80%, Principal & Interest) (Member Package) review

    Overall rating   6 / 10
    Need to be competitive with rates.

    Good product but needs to be more competitive with current rates.

    Price
    4 / 10
    Features
    7 / 10
    Customer service
    9 / 10
    Convenience
    9 / 10
    Trust
    6 / 10
    Less
    Katherina, Australian Capital Territory, reviewed 3 months ago
  • ME Home Loan review

    Overall rating   5 / 10
    Interest rates could be better.

    The customer service has always been good when ringing with an issue. I would like to see interest rates improving for loyal customers.

    Price
    3 / 10
    Features
    4 / 10
    Customer service
    6 / 10
    Convenience
    6 / 10
    Trust
    5 / 10
    Less
    Catherine, Queensland, reviewed 3 months ago
  • ME Home Loan review

    Overall rating   4 / 10
    Very average - not reliable in the long term

    Very average offer. Attractive at first and then degrading very quickly.

    Price
    5 / 10
    Features
    4 / 10
    Customer service
    5 / 10
    Convenience
    4 / 10
    Trust
    4 / 10
    Less
    Fredo, Australian Capital Territory, reviewed 3 months ago
  • ME Flexible Home Loan (Fixed, Owner Occupier, LVR<80%, Principal & Interest) review

    Overall rating   1 / 10
    Really bad.

    Don't use this bank, they rip you off at every opportunity. I've been a loyal customer for 20 years and they will not help or show you any respect, plus the fees are outrageous.

    Price
    1 / 10
    Features
    1 / 10
    Customer service
    1 / 10
    Convenience
    1 / 10
    Trust
    1 / 10
    Less
    Manfred, Queensland, reviewed 3 months ago
  • ME Home Loan review

    Overall rating   10 / 10
    Great service!

    The staff at ME are great and the home loan is very competitive.

    Price
    9 / 10
    Features
    9 / 10
    Convenience
    5 / 10
    Trust
    9 / 10
    Less
    Rhonda, Australian Capital Territory, reviewed 4 months ago
  • ME Home Loan review

    Overall rating   7 / 10
    I would definitely recommend ME back to family.

    Always amazing customer service and very competitive interest rates. Have been with them for 10 years and am very happy.

    Price
    9 / 10
    Features
    6 / 10
    Customer service
    9 / 10
    Convenience
    9 / 10
    Trust
    9 / 10
    Less
    Sally, Victoria, reviewed 5 months ago
  • ME Home Loan review

    Overall rating   6 / 10
    Competitive and easy to deal with.

    Way better than any other bank although branches are limited.

    Price
    9 / 10
    Features
    9 / 10
    Customer service
    8 / 10
    Convenience
    7 / 10
    Trust
    7 / 10
    Less
    Efren, Queensland, reviewed 5 months ago
  • ME Flexible Home Loan (Fixed, Owner Occupier, LVR<80%, Principal & Interest) review

    Overall rating   7 / 10
    Great customer service, efficient and helpful.

    All interaction with ME service officers have been helpful and good. Being an online bank, there is no branch we can go to if the need arises. The online servicing is mostly wonderful, however the lack of physical branches can be challenging if there are planned or unplanned system outages or issues with service.

    Price
    7 / 10
    Features
    7 / 10
    Customer service
    9 / 10
    Convenience
    5 / 10
    Trust
    8 / 10
    Less
    Mel, New South Wales, reviewed 5 months ago
  • ME Flexible Home Loan (Fixed, Owner Occupier, LVR<80%, Principal & Interest) review

    Overall rating   4 / 10
    Terrible communication.

    Initial loan set up etc was great. But now 5 years into the loan it's quite different. Because they didn't take my payment out for loan for a number of weeks (their fault, not ours), my end on statement looked like it was fine. Anyway they took all my extra/advance payment out to cover as well as taking money out of savings, leaving us short. It was their fault (we had auto payments set up) this happened. But in the end we owed the money and had to catch up on payments. Which we did. But after me ringing over and over, asking for explanations on what happened. I finally got the info, but after taking many weeks. Even after filing a complaint they never did anything. But what got me more angry was that there was no communication with what happened. They took it on themselves to go into our accounts and take out the money owed. No contact at all. We should be more advanced on our home loan. Because of their mistake we are thousands behind. I also sent an email asking them to stop loan payments during Covid. No response. So the communication is terrible. If I get an opportunity to change banks I would just because of this.

    Price
    7 / 10
    Features
    5 / 10
    Customer service
    3 / 10
    Convenience
    6 / 10
    Trust
    3 / 10
    Less
    Natalie, New South Wales, reviewed 6 months ago
  • ME Home Loan review

    Overall rating   7 / 10
    Great rates, excellent service and easy to use.

    Great rates, excellent service and easy to use internet banking. What more could you want?

    Price
    8 / 10
    Features
    8 / 10
    Customer service
    8 / 10
    Convenience
    8 / 10
    Trust
    9 / 10
    Less
    Bernie, Queensland, reviewed 8 months ago
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    WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

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